Primis Financial (FRST) Misses Q3 Earnings Estimates

Core Viewpoint - Primis Financial reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.32 per share, but showing an increase from $0.08 per share a year ago, indicating a significant year-over-year growth despite the earnings miss [1][2]. Financial Performance - The company posted revenues of $41 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 5.13% and up from $37.31 million in the same quarter last year [2]. - Over the last four quarters, Primis Financial has not surpassed consensus EPS estimates, indicating a trend of underperformance in earnings expectations [2][6]. Stock Performance - Primis Financial shares have declined approximately 15.4% since the beginning of the year, contrasting with the S&P 500's gain of 13.9%, highlighting a significant underperformance relative to the broader market [3]. - The current Zacks Rank for Primis Financial is 4 (Sell), suggesting that the stock is expected to underperform the market in the near future [6]. Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $36.7 million, while for the current fiscal year, the estimate is $0.73 on revenues of $145.4 million, indicating cautious optimism for future performance [7]. - The outlook for the industry, specifically the Financial - Miscellaneous Services sector, is relatively strong, ranking in the top 34% of Zacks industries, which could positively influence the stock's performance [8].